Number of Smart Factories in South Korea to be Almost Doubled

Cho Jin-young for Business Korea:  The Ministry of Trade, Industry & Energy announced on February 2 that the South Korean government invests 90.5 billion won and the private sector invests 20.3 billion won this year so that smart factories can be built for at least 2,200 small and medium-sized enterprises (SMEs) and the number of such factories in South Korea can be increased to 5,000 before the end of this year.

The ministry is planning to diversify the types of smart factories, too. For example, the new smart factories are slated to include 500 clean energy-based ones for a higher level of energy efficiency and 50 cloud-type smart factories that are capable of connecting regions and various sectors of the manufacturing industry.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

FASTSUITE - Focus on efficiency in Digital Factory

FASTSUITE - Focus on efficiency in Digital Factory

With two product lines, FASTSUITE for V5, which is seamlessly integrated with CATIA/DELMIA V5, and FASTSUITE Edition 2, a standalone platform, the areas of OLP (offline programming), manufacturing simulation and virtual commissioning are the core of our business activities. Our applications and solutions are not only focused on real customer needs, but they are also designed to improve efficiency and quality of our customers' manufacturing processes. No matter if the process is just about offline programming of a single robot at a small job-shop company or about the validation of a complete production line at an Automotive or Aerospace OEM. We strive to ensure a constant quality of our services and to provide the best possible support to our worldwide customers. Therefore we have established three digital manufacturing hubs around the world. All our teams have a proven expertise on manufacturing process integration and profound IT implementation skills.